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Charles Rettig to be nominated new IRS commissioner

President Donald Trump on Thursday announced his intent to nominate Charles Rettig, a California tax attorney, to be the new IRS commissioner. Rettig's five-year term would run from Nov. 13, 2017, when John Koskinen's term expired. David Kautter, assistant secretary of the Treasury, Tax Policy, has been the acting commissioner since Koskinen's term ended.

Rettig earned his J.D. degree from Pepperdine University and his LL.M. in taxation from New York University. He practices with Hochman, Salkin, Rettig, Toscher & Perez PC, a tax law firm in Beverly Hills, Calif. He served as chair of the IRS's Advisory Council. He is currently a vice chair for the American Bar Association's Tax Section and vice president of the American College of Tax Counsel. He has served for almost 20 years as a member of the Advisory Board of the California Franchise Tax Board and was previously a member of the Advisory Council for the California State Board of Equalization.

Once formally nominated, Rettig will need to be confirmed as IRS commissioner by the Senate.

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The package includes final regulations, guidance on how to calculate W-2 wages, a safe-harbor rule for rental real estate businesses, and new proposed rules on the treatment of previously suspended losses.

Don’t get lost in the fog of legislative changes, developing tax issues, and newly evolving tax planning strategies. Tax Section membership will help you stay up to date and make your practice more efficient.